EUR/USD bounced off from 1.1579 and it formed a
double bottom around that level visible on the four-hour time-frame.
There will likely be a new move to the upside towards 1.1670.
GBP/USD bounced off from 1.3030 again and the pair formed a double bottom at that level. There will likely be a new move to the upside towards 1.3300.
Difficult times for the Euro. It may rebound from here i think.
EUR/USD briefly broke out below 1.1575 and formed
a new low at 1.1555, but now the pair has retraced back above 1.1575
and continues to consolidate above that level. That said, there could
still be a breakout to the downside and a drop to 1.1500.
EUR/USD bounced off from 1.1575 after forming a
hammer candlestick and an inverted hammer candlestick on the daily
time-frame at that level. Currently the pair is testing the resistance
at 1.1665, a breakout above that level could lead to a move to the
upside towards 1.1800.
I expect a move to the upside.
Eur/Usd recover to 1.1650 zone from a bearish opening, immediate resistance at 1.1690, bullish trend would resume if the pair recover beyond.
Gbp/Usd opens the week with bearish gap, support can be found at 1.3037, I'm expecting further decline if breaks below it.